Cameco Co. (TSE:CCO) Receives Consensus Recommendation of “Buy” from Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$77.44.

A number of analysts have issued reports on CCO shares. Royal Bank of Canada lifted their price objective on Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Scotiabank boosted their price target on shares of Cameco from C$75.00 to C$83.00 in a research report on Thursday, May 30th. Bank of America increased their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. CIBC boosted their target price on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Raymond James upped their target price on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd.

Cameco Stock Performance

Shares of TSE CCO opened at C$72.12 on Monday. The company has a market cap of C$31.35 billion, a P/E ratio of 133.56, a P/E/G ratio of 2.22 and a beta of 0.93. Cameco has a 52-week low of C$41.11 and a 52-week high of C$76.66. The company has a debt-to-equity ratio of 27.96, a quick ratio of 3.74 and a current ratio of 1.42. The firm’s fifty day moving average is C$70.97 and its two-hundred day moving average is C$64.54.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.32). The firm had revenue of C$634.00 million for the quarter. Cameco had a net margin of 9.27% and a return on equity of 3.89%. As a group, analysts anticipate that Cameco will post 1.4911413 EPS for the current fiscal year.

Insider Transactions at Cameco

In other Cameco news, Senior Officer Brian Arthur Reilly sold 28,125 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. In other news, Senior Officer Brian Arthur Reilly sold 28,125 shares of Cameco stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. Also, Senior Officer Dale Robert Clark sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$74.25, for a total transaction of C$742,500.00. In the last quarter, insiders sold 204,001 shares of company stock worth $14,642,885. 0.15% of the stock is currently owned by insiders.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.